The price reduction across passenger vehicles is in the range of Rs 6,300 to Rs 69,000, depending on the model, while the cut in commercial vehicles portfolio is in the range of Rs 15,000 to Rs 150,000, Tata Motors said in a statement.

"The price reduction is in the light of excise duty cut on vehicles and the company is passing on the excise reduction to the customers," a Tata Motors spokesperson said.

In the interim Budget 2014-15, Finance Minister P Chidambaram had announced reduction of excise duty on small cars, scooters, motorcycles and commercial vehicles to 8 percent from 12 percent earlier; 24 percent from 30 percent on SUVs; 24 percent from 27 percent on large cars and 20 percent from 24 percent in mid-sized cars.